Vornado Realty Trust [VNO] Is Currently -0.64 below its 200 Period Moving Avg: What Does This Mean?
Vornado Realty Trust [NYSE: VNO] The loss was -0.64% or -0.16 points to close at $25.00 with a heavy trading volume of 332,078 shares. Company report on August 1, 2022 Vornado Corporation announces its financial results for the second quarter of 2022.
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The Vornado Realty Trust (NYSE:VNO) reported today:
The trading session opened at $25.15, shares rose to $25.18 and fell to $24.59, which is the range in which the share price has traded all day. VNO’s daily chart indicates that the company posted a -44.81% loss over the past six months. However, it is still 0.64% lower than the most recent trading low.
If we look at the average trading volume of 2.00 million shares, the VNO reached a volume of 332,078 on the last trading day, which is why market watchers consider the stock to be active.
Here’s what top stock market experts say about the Vornado Realty Trust [VNO]:
Based on careful, fact-backed analysis by Wall Street experts, the current consensus on a target price for VNO’s stock is $31.45 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus for VNO stock is a set recommendation at 3.10. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
BMO Capital Markets made an estimate for Vornado Realty Trust shares, keeping their opinion of the stock as a market performer, with their previous recommendation back on May 31, 2022. While these analysts held onto the previous recommendation, Piper Sandler lowered their target price from $44 to $35. The new price target note was released on May 4, 2022, which is the official target price for Vornado Realty Trust stock. Previously, the target price had received another increase to $38, while Mizuho analysts maintained a low-performance rating on VNO stock.
The Average True Range (ATR) for Vornado Realty Trust is set at 0.83, with a price-to-sales ratio for VNO’s stock in the past 12-month period of 2.73. The price-to-book ratio for the last quarter was 0.92, with the price-to-cash-to-cash ratio for the same quarter set at 5.24. The VNO’s free cash flow rate for the past 12 months was 11.80.
Trading performance analysis for VNO . stock
Vornado Realty Trust [VNO] It fell into the red at the end of last week, fell in a negative direction and fell by -4.91. With this latest performance, VNO’s shares are down -10.62% over the past four-week period, as well as down -44.81% over the past six months – not to mention a -41.23% drop in the past year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for the VNO stock for the last two weeks was set at 34.02, with the RSI for the last one trading at 29.67, and the three-week RSI set at 36.47 for Vornado Realty Trust [VNO]. The current moving average for the last 50 trading days for this stock is 28.17 while it recorded at 25.96 for the last trading week, and 36.60 for the last 200 days.
Vornado Realty Trust [VNO]A deeper look at fundamental analysis
Operating margin for any stock indicates how profitable the investment is, Vornado Realty Trust [VNO] The stock currently has an operating margin of +15.00 and a gross margin of +23.88. Vornado Realty Trust’s net margin is currently clocked at +11.07.
The return on equity for this stock rose to 2.76, with the return on assets remaining at 1.05.
Vornado Realty Trust [VNO]Earnings per share (EPS) analysis
The company’s progress can be seen through the prism of the EPS growth rate, while Wall Street analysts focus on a 5-year EPS growth forecast for VNO. When it comes to the stated value, analysts expect Vornado Realty Trust’s 5-year EPS growth rate to rise to 17.33%.
Insider ownership analysis of Vornado Realty Trust [VNO]
There are currently approximately $4,038 million, or 85.40% of VNO’s equity, in the hands of institutional investors. The three largest institutional owners of VNO shares are: VANGUARD GROUP INC with 27,076,080 ownership, which represents approximately -0.404% of the company’s market capitalization and approximately 0.60% of the total institutional ownership; NORGES BANK, owns 18,082,373 shares with an approximate value of $452.06 million in VNO stock; and BLACKROCK INC. , currently holds $409.24 million in VNO stock with ownership of approximately 2.315% of the company’s market capitalization.
Positions in Vornado Realty Trust shares held by institutional investors increased at the end of August and at the time of the August report, with 165 institutional owners consolidating their positions in the Vornado Realty Trust [NYSE:VNO] About 13361,128 shares. In addition, the number of 205 investors decreased positions by about 8,260,608 shares, while 61 investors held positions with 139,879,947 shares. The said changes put institutional holdings at 161,501,683 shares, according to the latest report from the Securities and Exchange Commission. VNO shares had 36 new institutional investors for a total of 1,814,481 shares, while 70 institutional investors sold positions worth 1,837,175 shares during the same period.